Thursday, 30 July 2015

CIAL ‘s profit rises 16.25 % to 144.57 cr;Offers dividend at 21%


Cochin International Airport Limited (CIAL), the company that built and operates the country’s first PPP airport reported a record profit (after tax) of 144.57 cr. during the 2014-15 fiscal, which is up by 16.24 % that of last FY. The CIAL board meeting, chaired by Hon. Chief Minister Mr.OOmmen Chandy has declared that the company’s profit before tax stood at Rs. 179.30 cr. It was Rs. 157.46 cr. in the last year.
Driven by the constant efforts of business diversification across both aviation and non aviation verticals, the company shows a robust growth over the years as the total revenue for the 2013-15 FY increased by 14.55 % to Rs 413.96 cr against Rs. 361.39 cr that of last FY. The board of directors recommended a dividend of 21 %. The company has been showing consistent growth since its inception and paying dividend unfailingly since 2003-04 and the total pay-out dividend has reached 132 % in the last FY. The company made two right issues at par, in 2000 and 2006 offering one share for every share held by the shareholder. In the last fiscal it also announced the distribution of right issue at the rate of 4:1. The board also decided to convene this year’s annual general body meeting on 18th August at Fine Arts Hall, Ernakulam.


CIAL, the only airport company that handled more than 5 million passengers a year, in the state. In 2014-15 it registered a passenger growth of 21 % from 5.3 million to 6.4 million. CIAL cargo also showed an emphatic growth with the handling of 64935 ton which is up by 19.28%.
In order to address the future challenges in indian aviation, the company is now embarked on an ambitious project of building a new international terminal at a cost of Rs. 1050 cr, which is expected to be completed by May 2016. It is all set to be acclaimed as the country’s first power neutral airport by tapping the non-conventional energy sources and building small hydro electric energy plants.
Mr.K.M.Many, Mr.K.Babu, Mr.P.K.Kunhali kutty, Hon. Ministers and CIAL directors, Mr.Jiji Thomson, Chief secretary, Mr.V.J.Kurian, Addl. Chief Secretary and MD, CIAL, Mr.M.A.Yusaffali, Mr. C.V.Jacob, Mr. N.V.George, Mr. E.M.Babu , Mr. K.Roy Paul, Ms. Ramani Damodaran, Directors, Mr. A.M.Shabeer, Mr. Saji K.George, Mr. Sunil Chacko, MR.Lenny Sebastian,CIAL officials, were also present in the meeting of the board of directors.




Sandip Ginodia , Director
ABHISHEK SECURITIES
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CIAL Rights Issue 2015 - Book Closure Notice


COCHIN INTERNATIONAL AIRPORT LIMITED
CIN: U63033KL1994PLC007803
Registered and Corporate Office: Room No 35, 4th Floor, GCDA Commercial Complex,
Marine Drive, Cochin, Kerala – 682031
Tel: +91 484 2374154; Fax: +91 484 2374154; Email: cs@cial.aero; Website: www.cial.aero


RIGHT ISSUE OF 7,65,14,950 EQUITY SHARES
Record Date:24th (Wednesday) June 2015
Issue Opens on:24th (Friday) July 2015
Issue Closes on:22nd (Saturday) August 2015
Book Closure Period:24th June 2015 to 23rd July 2015 (both days inclusive)

NOTICE OF RECORD DATE
=====================

The Board of Directors of Cochin International Airport Limited at its meeting held on 12th June 2015 decided to offer 7,65,14,950 equity shares of Rs 10/- each (“Equity Shares”) for cash at a premium of Rs.40/- per share (i.e. Issue price Rs 50/- per share) in the ratio of 1:4 (i.e. one equity share for every 4 equity shares held) to the existing Equity Shareholders of the Company as on the Record Date, on rights basis for an amount aggregating to Rs.382,57,47,500/- (“Rights Issue”).

Pursuant to Section 91 of the Companies Act 2013, notice is hereby given that the Register of Members and Share Transfer Register of the Company will be closed from 24th June, 2015 to 23rd July 2015 (both days inclusive) for the purpose of taking record of the shareholders of the Company who are entitled to the aforesaid Rights Issue. All valid applications for transfer / transmission of shares delivered to the Company at its registered office till the close of office hours up to 23rd June, 2015 will be considered eligible for the Rights Issue.

The Company will dispatch the Letter of Offer and Share Application Form at the registered address of all the eligible shareholders, before the date of opening of the Rights Issue. The distribution of the Letter of Offer and issue to persons in certain jurisdictions outside India may be restricted by legal requirements prevailing in those jurisdictions.

Any shareholder, who does not receive the Letter of Offer and Share Application Form on or before 08th August 2015, is requested to contact the Company Secretary at the Registered Office, for Duplicate Letter of Offer and Duplicate Share Application Form. Equity shareholders who have neither received the Letter of Offer & Share Application Form nor in a position to obtain duplicates thereof, may apply for the right shares on a PLAIN PAPER giving the relevant details (such as the name of the shareholder, folio no: etc), along with a demand draft for the requisite amount, drawn in favour of the Company and payable at Ernakulam / Cochin. The Shareholders are requested to send the same by registered post directly to the Company, so as to reach the Company on or before Issue Closing date (22nd August 2015).
Equity shareholders are also advised to inform change of address if any, to the Company’s registered office before the Record Date (24th, June, 2015) for updating the Register of Members.
By Order of the Board
for Cochin International Airport Limited


Sandip Ginodia , Director
ABHISHEK SECURITIES
We deal in over 60 unlisted companies with 15 years of experience .
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CIAL all set to become the first solar powered airport in the country

After adorning many firsts in its cap, like being the pioneer in PPP model in building an airport to introducing a path-breaking rehabilitation package for evictees, Cochin International airport limited (CIAL) is all set to become the first airport in the country which would be operating on solar power. When the PV panels laid across 45 acres near cargo complex become functional, in near future, Cochin airport will have 50000 to 60000 thousand units of electricity per day to be consumed for all its operational functions, which will technically make the airport ‘ absolutely power neutral ‘.
 CIAL has ventured into the Solar PV sector during March 2013, by installing a 100 kWp solar PV Plant on the roof top of the Arrival Terminal Block. This was a trend setter in the field of grid-connected solar PV in the State of Kerala. The plant was installed by the Kolkata based M/s Vikram Solar Pvt. Ltd. 400 numbers of polycrystalline modules of 250Wp with five numbers of 20kW capacity Refu-sol make string inverters were used in this plant. This is a grid connected system without any battery storage.
After the successful commissioning of this plant, CIAL installed a 1 MWp solar PV power plant partly on the roof top and partly on the ground in the Aircraft Maintenance Hangar facility within the Airport premises. This plant was installed by Emvee Photovoltaic Power Pvt. Ltd. 4000 numbers of monocrystalline modules of 250Wp with thirty three numbers of 30kW capacity Delta make string inverters were used in this plant, which is the first Megawatt scale installation of Solar PV system in the State of Kerala.
Both these plants are equipped with a SCADA system, through which remote monitoring is carried out. After commissioning, these plants have so far saved more than 550MT of CO2 emission contributing to the efforts of CIAL towards minimizing environmental degradation.
CIAL is now in the process of setting up a 12MWp solar PV plant as part of its green initiatives. This will come up in an area of about 45 acres near the International Cargo premises. The work has been awarded to M/s Bosch Ltd. The project components include PV modules of 265Wp capacity manufactured by Renesola, and Inverters of 1MW capacity manufactured by ABB India. After commissioning, this installation is expected to generate around 48000 units per day, which along with the electricity generated from the existing 1.10 MWp plants, would be sufficient to meet the power requirement of the Airport. The 12MWp PV Plant is expected to be commissioned during August 2015.

Sandip Ginodia , Director
ABHISHEK SECURITIES
We deal in over 60 unlisted companies with 15 years of experience .
For latest prices visit : http://abhisheksecurities.com/unlisted.htm 

Call : 09830271248 .
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